Crude (/CL) continues to take on heavy losses after Wednesday’s 4.9 million weekly barrel build stunned investors as supply quickly reaches over-capacity. Oil is currently trading a staggering 7% lower on the day, now likely securing 7 straight weeks of decline as global demand comes into question. Natural Gas Futures (/NG) have slipped 1% this morning for a 4th straight pullback following last week’s record rise.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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